Board approves preferential issue: 96,00,000 shares on loan conversion, 1,00,00,000 warrants, 40,00,000 shares
Board meeting on 15th October, 2026 approved fund raising through a preferential issue in three parts.
By ScoutQuest · · 2 min read
- Equity shares to promoter on loan conversion
- 96,00,000 equity shares of Rs. 10/- each at par to promoter and Promoter Group on conversion of unsecured loan
- Convertible warrants to promoter
- 1,00,00,000 convertible warrants of Rs. 10/- each at par to promoter and Promoter Group for cash consideration
- Equity shares to non-promoter public
- 40,00,000 equity shares of Rs. 10/- each at par to non-Promoter public category for cash consideration
Fund raising approved at the board meeting
The board of Asian Petroproducts and Exports Ltd met on Thursday 15th October, 2026 and approved raising funds through a preferential issue in three parts. The meeting commenced at 06:15 pm and concluded at 06:40 pm.
What was approved
- 96,00,000 equity shares of Rs. 10/- each at par, on a preferential basis, to promoter and Promoter Group, against conversion of an unsecured loan.
- 1,00,00,000 convertible warrants, convertible into equity shares of Rs. 10/- each at par, on a preferential basis, for cash consideration to promoter and Promoter Group.
- 40,00,000 equity shares of Rs. 10/- each at par, on a preferential basis, for cash consideration to the non-Promoter public category.
Who is subscribing
- Promoter and Promoter Group are involved in two of the three tranches: the 96,00,000 equity shares issued on conversion of an unsecured loan, and the 1,00,00,000 convertible warrants issued for cash.
- The non-Promoter public category is subscribing to 40,00,000 equity shares for cash.
Points to note
- All the shares and warrants are priced at par, that is, at the face value of Rs. 10/- each.
- The 96,00,000 equity shares are being issued against conversion of an unsecured loan, so this tranche does not bring in fresh cash. The warrant tranche and the non-Promoter public tranche are for cash consideration.
- The warrants are convertible instruments, meaning they convert into equity shares rather than being shares from the start.
- Together, the three items add up to 2,36,00,000 securities (96,00,000 equity shares plus 1,00,00,000 convertible warrants plus 40,00,000 equity shares), which is the scale of the proposed issue.
Next step
- An extraordinary general meeting of the Company is scheduled to be held on Friday, 6th November, 2026 at 12:30 pm through Video Conferencing/Other Audio Visual Means.
- The Relevant Date is 7th October, 2026.
What it means for investors
This is a fund-raising announcement from the board. It indicates the company is bringing in money through a preferential issue and also converting an existing unsecured loan into equity. The board has approved the proposal, and an extraordinary general meeting has been scheduled.
Also from Asian Petroproducts & Exports
Revised EGM notice: allottee name corrected; members to vote on preferential share and warrant issues
16 Oct 2026
EGM notice: preferential issue of 96,00,000 shares, 1,00,00,000 warrants, 40,00,000 shares proposed
16 Oct 2026
Intimation of Extra-Ordinary General Meeting to be held on 6 November 2026
15 Oct 2026
More numbers
- Equity shares to promoter and Promoter Group on conversion of unsecured loan96,00,000 Equity shares
- Face value per share / warrant (at par)Rs. 10/-
- Convertible warrants to promoter and Promoter Group for cash1,00,00,000 convertible warrants
- Equity shares to non-Promoter public category for cash40,00,000 Equity shares
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